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Early enough
to matter.
Birchmont is an owner-operated platform in its build phase. Restaurants are running today; the real estate underneath them is being assembled deliberately behind that. We work with a small number of capital partners who would rather back an operator early than buy into a finished portfolio.
Aligned by
construction.
We are not a fund and we are not raising a blind pool. Birchmont deploys its own balance sheet, and we bring partners in deal by deal, where a specific site or acquisition is larger than we want to carry alone.
That structure sets the alignment. We are in every transaction with our own capital, we operate the businesses ourselves, and we hold. There is no management fee stream that pays us whether the asset performs or not, and no fund clock forcing a sale into a bad market.
It also sets the pace. We would rather do one well-underwritten deal a year than deploy on a deadline, and partners who need a fixed schedule for putting capital to work are usually a poor fit for how we work.
Being early is the point. The economics of this model are best when you own the ground floor of it — the sites, the development rights, the operating base — rather than buying a position in something already assembled and already priced.
The build, in three phases.
We would rather show you the plan than a polished portfolio we do not yet have. This is where the company is today and where the next several years go. It is a plan we intend to execute, not a forecast and not a promise.
Operating foundation
Running franchised restaurant operations and proving the operating discipline that everything after this depends on.
- Units operating under established brands
- Weekly reporting and cost controls in place
- Management bench being built ahead of growth
Own the ground
Bringing the real estate under our own operations, then extending to third-party commercial property in the same markets.
- Acquire or develop the sites we occupy
- First third-party tenanted assets
- Capital partners on individual properties
Integrated portfolio
A group where operations fund acquisitions and the property base underwrites the next round of operations, compounding without outside pressure.
- Multi-market operating footprint
- Owned property across the portfolio
- Self-funding growth
Forward-looking by nature. Phases two and three describe our intended strategy and depend on capital, market conditions, franchisor approvals and execution. Nothing here is a projection of results or a commitment to a timeline.
Operations and property, held apart.
The operating business and the real property sit in separate subsidiaries. Each can be financed, insured, and governed on its own terms, and a problem in one does not reach the other.
How a Birchmont site is held
The property subsidiary owns the land and building and leases it to the operating subsidiary at market rent. Rent leaves the operating company and stays inside the group.
Simplified for illustration. Actual holding structure varies by transaction and is set with our legal and tax advisors.
Four reasons this combination works.
Two returns from one dollar
The operating business produces cash flow. The property builds equity as the mortgage amortises and the land holds value. Held together, a single deployment works twice.
The tenant risk is us
The largest risk in single-tenant commercial property is the tenant leaving or failing. Here the tenant is our own operating company, run by the same people who underwrote the building.
Underwriting other buyers cannot do
We know what a site has to produce because we run the concept. That lets us price a location on real unit economics rather than a broker’s assumption, and commit before a tenant is found.
Downside protection in the dirt
If a concept underperforms, the land and building remain. Real property in a market we know is a materially better floor than a walk-away from a lease.
Who this suits, and who it does not.
Patient capital that wants real assets.
Partners with a ten-year-plus horizon who want tangible, cash-generating assets in markets they can drive to, and who value an operator with their own money in the deal over a manager collecting fees.
Capital that needs a schedule or an exit.
If you need committed deployment on a timetable, quarterly liquidity, or a defined exit window, we are the wrong counterparty. We would rather say that at the first meeting than discover it in year three.
Structures we use
Joint ventures on a single property, participation in a property holding company, and vendor-take-back arrangements where a seller wants to stay in for part of the upside.
What you receive
Quarterly reporting on the asset and the operating business, annual financial statements, and direct access to the principals. No investor-relations layer between you and the people running it.
What a first conversation looks like.
No deck, no data room, no process. One call to work out whether there is anything here for you — and a straight answer if there is not.
Tell us your horizon
How long you are comfortable having capital committed matters more than the amount. Ten years changes the conversation entirely against three.
Tell us what you want exposure to
Some partners want the property and none of the operating risk. Some want both. Both are workable, and they are different structures.
Ask us anything about the operations
We will talk openly about unit economics, what is working and what is not. Diligence on an operator should start with how they run the business.
Expect us to ask too
We are selective about who we take capital from. A partner who is wrong for the horizon costs more than the capital is worth.
Come in early.
The best time to back an operator is before the portfolio is built and priced. If that is how you think about capital, we should talk.
This page is provided for information only. It is not an offer to sell or a solicitation of an offer to buy any security or interest, and it is not a recommendation or advice. It contains forward-looking statements about strategy and intended growth that reflect current expectations only; actual results may differ materially, and nothing here is a projection, a guarantee of performance, or a commitment to any timeline. Any investment would be made solely on the basis of definitive transaction documents provided to qualified investors, and is subject to applicable securities legislation.